Brickell Heights Sales Presentation Through Google Glass

Brickell Heights will officially launch to the public starting next week on December 9th.  However, reservations are now being accepted through select VIP brokers (such as myself) as part of the developer’s Friends & Family program.  The starting prices shown towards the bottom of this page are for Friends & Family and are subject to change once the project officially launches next week.  Brickell Heights is a two-tower condo development.  At this time, only units in the east tower are available for reservation.  Keep in mind that the east tower is closer to the water and will have better views than those residing in the west tower, so now is the time to act if you are contemplating making a reservation.

Yesterday afternoon, I met with the Brickell Heights Sales Director and she was kind enough to give me a presentation while I was wearing Google Glass to record it.  At a later date, I will go more into detail about Google Glass and explain how I plan to apply this new technology to my real estate business.  I have very big and exciting plans for it, so stay tuned!  I will say, however, that at this time, Google Glass is not available to the public and can only be acquired by invitation.  As far as I know, I am the only real estate agent in Miami who currently has Google Glass.  In fact, there aren’t many people in Miami period who have it at this time.

The sales presentation for Brickell Heights was given to me in English and Spanish.  Towards the bottom of this page you will find the English version followed immediately by the Spanish version.  Before we get to those, I first want to provide a general overview of this exciting preconstruction condo development.  As I mentioned in my last blog post, location is going to be a HUGE selling point for Brickell Heights because it will be located right in between Mary Brickell Village and the upcoming, 5.4 million square foot mixed-use development called Brickell City Centre.

Brickell Heights – Overview

• Address – 850 South Miami Avenue, Miami, Florida 33131
• Developer – The Related Group in collaboration with Crescent Heights
• Architect – Internationally-renowned architectural firm Arquitectonica
• Interior Design – Rockwell Group
• Number of units – the east tower of Brickell Heights has 358 total units
• Number of floors – the east tower of Brickell Heights has 48 stories
• Fitness – Equinox

Brickell Heights – Building Features

• Dramatic double-height lobby designed by David Rockwell
• World-class façade installation by renowned Argentinean artist Fabian Burgos
• High-design condominiums with extraordinary contemporary finishes
• Luxuriously landscaped pool terrace at the 8^th floor with three pools including a lap pool for Equinox members
• Elegantly appointed screening room available for private screenings
• Exclusive residents-only rooftop Sky Pool deck with breathtaking views of Biscayne Bay and Miami Skyline
• High-performance fitness studio
• Equinox fitness center with 30,000 square feet across three levels
• Soul Cycle Studio with 3,000 square feet
• Two beautifully designed Entertainment Rooms available for private, social and business events
• Engaging Kids’ Club dedicated to children’s activities
• On-demand Concierge service with 24/7 multilingual staff, 24/7 security and receiving desk for mail and other deliveries
• High-speed Internet access in all amenity areas

Unit Descriptions and Price Ranges (*Friends & Family pricing)

The layouts indicated above are for units residing on floors 10-40.  Larger floor plans are available starting on the 41st floor.  Contact me for details.  1 bedroom units increase $2,000 per floor while 2 bedroom units increase $3,000 per floor.

Brickell Heights – Deposit Payment Structure

• 10% of purchase price at reservation
• 10% of purchase price at contract (1^st quarter of 2014)
• 20% of purchase price at ground-breaking (mid-2014)
• 10% of purchase price at top-off (mid-2015)
• 50% of purchase price at closing  (end of 2016)

Now that we have all that out of the way, let’s watch some videos.

Brickell Heights sales presentation in English:

Brickell Heights sales presentation in Spanish:

Even if you do not have the means or motivation to acquire a condo in Miami at this time, I think most anyone reading this blog will find the video below fascinating.  It does an amazing job in capturing the enormity of Brickell City Centre.  At 5.4 million square feet across 9.1 acres, Brickell City Centre is an absolute monster and will forever change the landscape of Miami.  Brickell is already one of the most sought after neighborhoods to live in all of South Florida.  You throw into the mix a development of that size costing over one billion $US, and you are going to have a world-class neighborhood for the ages. In the video, the five large, empty lots just north and northeast of the Brickell Heights building site is where Brickell City Centre will be located. It is currently under construction and is projected to be completed in 2016, the same year that Brickell Heights is scheduled for completion.  The arrows that I included in the video point out the site location for Brickell Heights.

For additional information related to Brickell Heights, visit my Brickell Heights building profile page.  There you will find renderings, floor plans and an e-brochure.  If you have an interest in reserving a unit, or have any questions whatsoever, please contact me immediately.  I expect this project to sell out quickly and am already amazed by the response that I have had for it thus far.  When it comes to convenience and having everything at your doorstep, you really can’t ask for a better location than Brickell Heights – especially at these prices!

I can be reached via email at [email protected] or on my cell at 786-247-6332.

To stay on top of the latest news related to the Miami real estate market, circle Miami Condo Investments on Google+.  Be sure to also subscribe to our YouTube channel to catch all our upcoming videos through Google Glass.

Brickell Heights Development Site Tour Through Google Glass

Brickell Heights is the latest pre-construction condo project to be developed by Related Group.  Location is going to be a HUGE selling point for this development due to its proximity to Mary Brickell Village and the upcoming Brickell City Centre.  Residents of Brickell Heights will be just steps away from 5 million square feet of an array of luxury shops, restaurants and entertainment.  Seeing is believing though, so I decided to hop in my car to give everyone a tour of the development site using Google Glass.  You will see that Brickell Heights is directly across the street from Mary Brickell Village and just one block south of Brickell City Centre.

Update: I now have Brickell Heights floor plans, renderings and an e-brochure on my building profile page.

444 Brickell Acquired by Related Group for $100M

Once again, foreign buyers have what seems like an unrelenting appetite for Miami real estate.  Perhaps nobody knows this better than Related Group.  Since mid-last year, they have been on a massive land hunt in Miami.  This past Friday, they were back at it again when they paid $100M for a 4-acre site located at 444 Brickell Avenue.

$100M is a hefty sum by any means, but how does it compare to other land acquisitions in the past?  Most notably, how does it compare to the price paid for the land directly across the street at the Icon Brickell site?  Icon Brickell, also developed by Related Group, resides on a 5-acre parcel of land that was acquired in 2004 for $94M.  Besides their size, the key difference between to the two parcels of land is that 444 Brickell resides along one body of water, the Miami River, while the Icon Brickell site resides along two bodies of water, the Miami River and Biscayne Bay.  To put it simply, this past Friday, Related Group paid $6M more for a piece of land that was one acre smaller and positioned with less water frontage.  This comparison goes to show just how much real estate values in Miami have bounced back since the boom and bust cycle of yesteryear.

There is no word yet as to what will be constructed at the 444 Brickell site, but, given the $100M price paid for the land, one would think that it will be just as monstrous as the 1,800 unit development across the street.  Expect to see at least 1,600 luxury units along with high profile commercial space at the base.

• Related Group buys prime Brickell Ave. site [South Florida Business Journal]
• Related spends $100-Fricken-Million on 444 Brickell Avenue – [Curbed Miami]

Miami Preconstruction Condos

Miami condo boom 2.0 is well underway and, over the past year, a plethora of luxury condo developments have been announced for South Florida.  I have decided to launch a page devoted to the latest and greatest preconstruction condo developments in Miami and other surrounding areas.  I will keep it updated as new projects are announced.  Definitely check back in two weeks to learn about a very exciting waterfront development in Edgewater that is expected to be announced on July 15th.  You won’t want to miss it!

Baltus House – Related’s Latest Pre-construction Condo Development in Miami

Reservations are now being accepted for Baltus House – RELATED’s most recent pre-construction condo development.  It will be located at 4300 Biscayne Boulevard – a five minute walk from the luxury shops and world famous restaurants in the Design District.  Baltus House, designed by Arquitectonica, will have 167 total units across 15 floors with a mix of studios, one, two and three bedroom units.  Amenities at Baltus House will include a state-of-the-art fitness center, 55-foot long swimming pool and over-sized Whirlpool, beautifully appointed clubroom and rooftop terrace with Jacuzzi and BBQ area.

Visit my Baltus House page for more details including a full-color brochure and floor plans.  Contact me if you have any questions or an interest in making a reservations.  The payment/deposit schedule is as follows:

• 10% Reservation / Now
• 10% Contract / July 2013
• 20% Ground Breaking / September 2013
• 10% Top Off / Spring 2014
• 50% Delivery / Spring 2014

Echo Brickell – Brickell’s Latest Pre-construction Condo Development

It appears that a luxury pre-construction condo development named Echo Brickell will begin accepting reservations next week.  The Miami Herald reports that the skyscraper will rise 750 feet , or 60 stories, and feature large floor plans with up to 250 total units.  The penthouses are expected to span over 7,000 square feet – unusually large by Brickell standards.  Once completed, Echo Brickell will be the second tallest building in the neighborhood.

Unlike the handful of other pre-construction condo developments in Brickell that have been announced over the past couple of years, Echo Brickell will be located directly on the famed Brickell Avenue.  The development will be erected at 1451 Brickell Avenue – a corner lot between The Four Seasons and St. Jude Melkite Catholic Church.  Echo Brickell will be developed by Property Markets Group – the same development group which recently had a very successful launch of a 190-unit condo development in Aventura called Echo Aventura. World famous architect, Carlos Ott, has been chosen to design the luxury high-rise.  Units at Echo Brickell will feature 10, 12 and 14-foot ceilings.  The article states that plans for Echo Brickell include a swimming pool, which will encompass an entire floor about midway up the building, along with a fitness center and spa above it.  The units will be sold move-in ready.

No mention of pricing was included in the article.  However, in the coming days, I plan to get more information regarding Echo Brickell…so stay tuned!

Construction Shot of the Rooftop Pool at myBrickell

Last week, while showing a unit on the southwest corner of Brickell on the River South, I was able to take this great shot of the pool deck at myBrickell.  As you can see, the pool deck is currently under construction.  I couldn’t help but notice that the shape of the pool looks different than what was proposed in the renderings below. Also, the view of Biscayne Bay to the east has somehow magically disappeared.

Not all is lost though.  Residents of myBrickell will have a front row seat to the construction site of Brickell CityCentere – the $1B+ mixed-used development which will completely change the landscape of Miami forever. It takes an aerial view like the one below to appreciate how massive this development is going to be.  It is so big that I wasn’t able to fit one or two of the lots to the north into the shot.

BrickellHouse Construction Update

It seems just like yesterday that BrickellHouse was nothing more than an empty lot and a pile of dirt.  Look at it now.  A lot of progress has been made over the past couple of months as the construction crew keeps chugging right along.  Completion of BrickellHouse is projected to take place in 2014.

Brickell Condo Market Expected to Remain Strong Throughout 2013 and 2014

As of late, little has been said about the fact that myBrickell and 1100 Millecento are completely out of inventory.  With the exception of two very large penthouses, the same goes for BrickellHouse.  Take a moment to digest that piece of news.  Of the 948 combined units that these three developments represent, only two remain available.  That speaks volumes about the strength of this real estate market in Miami.  192 units at myBrickell are scheduled for delivery towards the end of this year and the balance of condos from the two other developments are not expected until the end of 2014.  In the meantime, demand remains high so existing condo inventory should continue to dwindle.  There isn’t much help on the way in near term either.  We know that there will be a residential aspect to the highly anticipated Brickell Citicentre, which is currently under construction, but no sales information has been released as of yet.  Regardless, completion of those condominiums would not be expected until 2015 at the earliest.  We also know that Related Group recently purchased the Infinity II site located at 1300 S Miami Avenue.  It is highly likely that sales for condominiums in that project will be announced sometime during the first half of this year.  The site is approved for a 65-story tower with 556 total units so don’t expect those units to be delivered any earlier than mid-2015 unless the project is massively scaled back.  Lastly, there has also been mention of  Panorama Tower and Villa Magna but both projects will be rather massive so inventory in either wouldn’t be expected until late-2015.  In summary, I think it is relatively safe to say that, barring any global economic meltdown, prices for condominiums in Brickell should enjoy a steady rise throughout 2013 and 2014 given the lack of inventory that will exist over the course of that time period.

By the way, the two remaining penthouses at BrickellHouse are priced at $2,396,000 for 3,500 interior square feet and $5,200,000 for 7,500 interior square feet.  No matter how you slice it, sub-$700 per square foot for a penthouse in a building of this caliber is an amazing deal.